Infineon Technologies AG is reporting results for the third quarter of its 2022 fiscal year (period ended 30 June 2022).
“In a difficult macroeconomic climate, Infineon continues to be well on the way thanks to its differentiating portfolio,” said Jochen Hanebeck, Chief Executive Officer of Infineon. “Increases in energy costs, raw material prices and interest rates, the continuing pandemic and geopolitical uncertainties are all impeding economic growth. In some consumer-oriented end markets demand has recently weakened. We are keeping a close eye on market developments and are prepared to act swiftly. However, the structural drivers decarbonization and digitalization continue to cause high demand for semiconductors. The global trend towards electromobility persists. Many countries are now seeking to secure independent energy supplies, which will further accelerate the expansion of renewable energy. We are also benefiting from continuing high levels of investment in communications infrastructure, data centers and cloud computing.”
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